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Wall Street keeps calm after SCOTUS strikes down tariffs

NEW YORK — Wall Street kept calm Friday after the Supreme Court struck down President Donald Trump’s sweeping tariffs, which had triggered panic in financial markets when announced last year, and stocks ticked higher. The S&P 500 rose 0.7%. It had been flipping between small gains and losses before the court’s ruling, following discouraging reports showing slowing growth for the U.S. economy and faster inflation. The Dow Jones Industrial Average added 230 points, or 0.5%, and the Nasdaq composite rose 0.9%. Many on Wall Street were likely expecting such a ruling from the ...

Administration eases limits on coal plant emissions

WASHINGTON — The Environmental Protection Agency on Friday weakened limits on mercury and other toxic emissions from coal-fired power plants, the Trump administration’s latest effort to boost the fossil fuel industry by paring back clean air and water rules. Toxic emissions from coal- and ...

Supreme Court strikes down Trump’s sweeping tariffs

WASHINGTON — The Supreme Court struck down President Donald Trump's far-reaching global tariffs on Friday, handing him a significant loss on an issue crucial to his economic agenda. The 6-3 decision centers on tariffs imposed under an emergency powers law, including the sweeping ...

Tariffs paid by midsize US companies tripled last year

WASHINGTON — Tariffs paid by midsize U.S. businesses tripled over the course of past year, new research tied to one of America’s leading banks showed on Thursday — more evidence that President Donald Trump’s push to charge higher taxes on imports is causing economic disruption. The additional taxes have meant that companies that employ a combined 48 million people in the U.S. — the kinds of businesses that Trump had promised to revive — have had to find ways to absorb the new expense, by passing it along to customers in the form of higher prices, employing fewer workers or ...

Ticker: Commerce Dept. says trade deficit declined in 2025

The U.S. trade deficit slipped modestly in 2025, a year in which President Donald Trump upended global commerce by slapping double digit tariffs on imports from most countries. The Commerce Department reported Thursday that the gap the between the goods and services the U.S. sells other countries and what it buys from them narrowed to just over $901 billion from $904 billion in 2024. Average US long-term mortgage rate dips The average long-term U.S. mortgage rate slipped this week to its lowest level in more than three years, but remains around 6% in the same narrow range it has been ...